Daily Truth Pills

Hosea 4:6 My people are destroyed for lack of knowledge…

The Critical Unraveling of U.S. Society

Posted by truthpills on 2009/11/21

David DeGraw

The economic elite have launched an attack on the U.S. public and society is unraveling at an increased rate

Report Contents:

U.S. Societal Breakdown
Environmental Crisis
The Obama Myth
Economic Coup – Theft of Trillions
National Emergency

I: U.S. Societal Breakdown

You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. Before exposing the root causes of this breakdown, let’s look at some vital statistics and facts:

* The inequality of wealth in the United States is soaring to an unprecedented level. The US already had the highest inequality of wealth in the industrialized world prior to the financial crisis. Since the crisis, which has hit the middle class and poor much harder than the top one percent, the gap between the top one percent and the remaining 99% of the US population has grown to a record high.

* As the stock market went over the 10,000 mark and just surged to a 13-month high, the three big banks that took taxpayer money and benefit the most from the government bailout have just set a new global economic record by issuing $30 billion in annual bonuses this year, “up 60 percent from last year.” Bloomberg reported: “Goldman Sachs, the most profitable securities firm in Wall Street history, had a record profit in the first nine months of this year and set aside $16.7 billion for compensation expenses.” Goldman Sachs is on pace for the best year in the firm’s history, they are also benefiting by only paying 1% in taxes.

* The profits of the economic elite are “now underwritten by taxpayers with $23.7 trillion worth of national wealth.”

As the looting is occurring at the top, the US middle class is just beginning to collapse.
Read the full article

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